$8.4M in expenses

This includes all other funds owned and managed by waco foundation - 269 designated, donor advised, scholarship, field of interest and discretionary funds.

$1.2M in expenses

Organizational mission" program: this fund provides grants and services that promote nonprofit and public sector efforts to address community challenges. Program activities include, but are not limited to: (a) the award of small assistance grants to help nonprofits secure nonprofit management guidance, service or expertise. This includes help from a professional nonprofit consultant, topical trainings (e.g. Fund development, proposal writing) or professional development courses; (b) providing access to field/sector specific educational resources or the delivery of trainings intended to support community oriented problem solving and systems level strategizing (e.g. Meeting facilitation) (c) the creation, identification, or sharing (via websites and newsletters) of resources and information on a variety of topics including but not limited to fund development, financial management and sustainability, leadership, best practices in nonprofit management. (d) the delivery of a civic/community-oriented leadership skills development program. (e) supporting efforts to address early childhood quality of life factors.

$944K in expenses

Waco foundation operating fund: this fund is the organization's primary competitive grantmaking fund, providing grants to nonprofits that servce mclennan county residents, along with other funds (discretionary and selected field of interest funds) that support our competitive grant program. The foundation provides support to several community wide efforts designed to end systemic poverty and promote education and health. The grants made from our discretionary program benefited over 11 institutions and organizations, including small nonprofits, which address basic human needs, to large institutions working to intervene with systemic issues that lead to poverty.

$350K in expenses

Duncan scholars program: this fund serves as an enhanced effort to increase college completion rates which eliminating student debt. Qualifying students graduating from waco high and university high schools are invited to participate in duncan scholars. Participants receive one-on-one financial aid and college/career advising, access to emergency assistance fund and full-tuition scholarships for their first and second years at mclennan community college. In addition, students who continue their education through the university center or baylor university are eligible to receive full-tuition for their last two years. During the 2024 tax year, 116 students participated in duncan scholars.